Sears Holdings Corp., the estate of the iconic department store left behind in bankruptcy, has agreed to settle litigation over new owner Edward Lampert’s $5 billion purchase of the retailer’s best stores for more than $18 million.
Sears sold its best assets including 425 of its most profitable stores back to Mr. Lampert’s hedge fund, ESL Investments Inc., last year, and an ESL-backed company, Transform Holdco LLC, became the new owner.
